When a dispute arises among investors, brokers, or brokerage firms, the Financial Industry Regulatory Authority (FINRA) may require the parties may go through the arbitration process in order to achieve a resolution. At Judex Law, LLC, we help financial advisors understand what to expect from arbitration, advise them at every phase of the process, and strive to help them obtain a successful outcome.
In general, arbitration is less formal than litigation, and the process typically moves more quickly toward a resolution. Disputes involving investors and individual brokers or brokerage firms, as well as those between brokerage firms and brokers are eligible for arbitration. If an investor requests arbitration, then the broker or brokerage firm must arbitrate at FINRA. The process is overseen by one or three neutral arbitrators who listen to each party’s arguments, review the evidence, and make a final decision, called an “award,” which is legally binding.
As soon as you are made aware of a potential arbitration matter, contact a knowledgeable securities law attorney who can help you understand your options. At Judex Law, LLC, we are committed to helping our clients feel informed and empowered at every step of the legal process. Reach out today to learn more.